June 2025 Paper 1 Q11

EdexcelCurrent spec8 marksLogs & ExponentialsModelling

11.

In this question you must show all stages of your working.

Solutions relying entirely on calculator technology are not acceptable.

The value of a car, £\(V\), is modelled by the equation

\[V = 1500 + A\,\mathrm{e}^{-kt}\]

where \(A\) and \(k\) are positive constants and \(t\) is the age of the car in years.

Given that

  • the initial value of the car was £20 000
  • the value of the car was £12 000 when it was 2.5 years old
(a) find a complete equation for the model, giving the exact value of \(A\) and the value of \(k\) to 3 significant figures. (4)
(b) Show that the rate of change in the value of the car can be expressed in the form\[-k(V - 1500)\] (3)
(c) State a limitation of this model. (1)